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Topic : Data Mining
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Data Mining in Finance

 
Industry : Equity Research/Analytics
Functional Area : financial data mining
Activity: Question posted: 04 22 2008 21:40:33 +0000, 1 answers, 112 views, last activity 07 06 2010 20:18:08 +0000
 
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  Answered by     Sudhir Shirke, Associate,bulls Research  | 04 22 2008 21:42:45 +0000
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relational data mining (RDM)  is a learning method able to learn more expressive rules than other symbolic approaches. RDM is thus better suited for financial mining, because it is able to make greater use of underlying domain knowledge. Relational data mining also has a better ability to explain the discovered rules - an ability critical for avoiding spurious patterns which inevitably arise when the number of variables examined is very large.

 
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